IREDA receives DIPAM approval to establish subsidiary for B2B RE ventures

16 Oct 2024 CW Team

State-run Indian Renewable Energy Development Agency (IREDA) has obtained approval from the Department of Investment and Public Asset Management (DIPAM) to create a wholly-owned subsidiary focused on retail and B2B business within the renewable energy sector. Operating under the Ministry of New and Renewable Energy, IREDA is a non-banking financial institution.

The subsidiary will manage retail initiatives under schemes such as PM-Suryaghar (Rooftop Solar) and PM-KUSUM, along with other B2C segments in renewable energy, according to a statement from IREDA. It will also explore emerging areas in renewable energy, including electric vehicles (EVs), energy storage, green technologies, sustainability, and energy efficiency.

IREDA CMD Pradip Kumar Das emphasized that the expansion into the retail market will enable the agency to offer innovative financing solutions for both urban and rural consumers, thereby promoting sustainable practices and reducing carbon footprints.

Currently, IREDA is involved in developing and providing financial assistance for projects related to new and renewable energy sources and energy efficiency. Additionally, IREDA reported a 36% increase in profit after tax, reaching ?387.75 crore for the September quarter, up from ?284.73 crore in the same period last fiscal year.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..